A pesticide with general use registration can be sold without any restrictions

Which of the following is characteristic of cross-border contractual relationships?

A) When compared to FDI, they are less susceptible to volatility and risk, and tend to bring both parties a predictable stream of revenue. B) The focal firm attains maximum control by establishing a physical presence, and ownership of key assets, in the foreign market. C) It attracts high attention and criticism for the focal firm because of the local perception of foreign entities. D) They are governed by a contract that provides the focal firm with no control over the foreign partner.

DAS, Inc has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual

interest rate of 11 percent. However, DAS must keep a compensating balance of 25 percent of any amount borrowed on deposit at the bank. DAS does not normally have a cash balance account with the bank. What is the effective annual cost of credit? A) 12.59% B) 11.45% C) 16.00% D) 14.67%